trending Market Intelligence /marketintelligence/en/news-insights/trending/ck1d1bsxkaks6prvf_7z8w2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

OCC rescinds CRA guidance for large banks, issues numerous clarifications

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

OCC rescinds CRA guidance for large banks, issues numerous clarifications

The Office of the Comptroller of the Currency on June 15 rescinded guidance for how examiners should evaluate fair lending practices at large banks.

The rescission, effective June 1, came in an announcement that included various policy clarifications for all banks to the Community Reinvestment Act, a 1977 law that governs fair lending and branching practices. OCC spokesman Bryan Hubbard said the guidance was part of the regulator's regular updates to CRA. He also said the guidance was not an interagency action, meaning it will only apply to OCC-regulated banks.

Beyond the rescission of guidance for large banks, which had been issued in December 2000, some items that stood out included a change to the evaluation period for retail and community development activities. That evaluation period has been expanded to three full calendar years for small and intermediate banks.

The clarifications, which are effective immediately, also mentioned mortgage loans, use of demographic data, loans outside of a bank's assessment area and evaluation frequency and timing. On timing, the guidance mentioned there could be a short-term delay in a CRA evaluation based on specific circumstances such as the timing of bank data reporting. In the mortgage space, the guidance mentioned examiners should consider all types of home mortgage loans in evaluations.

The guidance mentioned activities that promote economic development could include loans that preserve jobs in low- or moderate-income areas.

"The OCC considers a loan, investment, or service as helping to retain jobs if a bank can demonstrate that the jobs retained were at risk of loss," the guidance read.